Cardiac Catheters and Guidewires Market Size | Forecast 2031

Segments - Cardiac Catheters and Guidewires Market by Products (Cardiac catheters and Cardiac Guidewires), End-uses (Hospitals, Clinics, and Ambulatory Surgical Canters (ASCs)), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Global industry Analysis, Growth, Share, Trends, and Forecast 2021- 2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The global cardiac catheters and guidewires market size was around USD 12.00 Billion in 2020 and is expected to expand at a (CAGR) of 7.4% during the forecast period 2020 - 2028. The growth of the market is attributed by rising prevalence of cardiovascular diseases across the globe.

Cardiac Catheters and Guidewires Market Key Takeaways

Cardiac catheters are mainly used to open blocked blood vessels and improve the blood flow. Angioplasty is recommended for the treatment of peripheral vascular diseases. In this procedure, the cardiac catheter is inserted through the blood vessel to examine the affected artery, which then reopens the artery and flattens the blockage of the artery wall.

Market Drivers, Restraints, Trends, and Opportunities

Government initiatives and improvement in reimbursement scenario are driving the global cardiac catheters and guidewires market.
Rising geriatric population, increasing the prevalence of heart diseases and ongoing technological advancement are expected to spur the market growth.
Rising government funding and improvement in the healthcare facilities are anticipated to boost the market growth.
High cost involved for the heart surgery and lack of skilled professionals can restrain the growth of market.
Poor reimbursement scenario in low and middle-level countries can hinder the market.

Scope of the Report

The report on the global cardiac catheters and guidewires market includes an assessment of the market, trends, segments and regional markets.

Attributes	Details
Report Title	Cardiac Catheters and Guidewires Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecas
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Products (Cardiac Catheters [Electrophysiology Catheters, PTCA Balloon Catheters, IVUS Catheters, PTA Balloon Catheters, and Others] and Cardiac Guidewires), and End-uses (Hospitals, Clinics, and Ambulatory Surgical Canters (ASCs))
Regional Scope	North America, Latin America, Europe, Asia Pacific and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Driving Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Abbott Laboratories, Boston Scientific, Maquet, Medtronic, St.Jude Medical, Sorin GroupTerumo Medical, Biosense Webster, Biotronik, and Cordis.

Global Cardiac Catheters and Guidewires Market Segment Insights

Cardiac catheters to hold a large market share

Based on products, the market is bifurcated into cardiac catheters and cardiac guidewires. The cardia catheters segment is further segmented into electrophysiology catheters, PTCA balloon catheters, IVUS catheters, PTA balloon catheters, and others. The cardiac catheters accounted for more than 84% of the market share in 2020 and is anticipated to grow at a healthy rate during the forecast period. Increasing cases of cardiovascular diseases across the globe is driving the market segment. As per the report published by the World Heart Federation, in 2018, 80% of the deaths in low to middle-income countries are caused due to cardiovascular diseases. Similarly, as per the World Health Organization (WHO), in 2018, around 17.9 million deaths occur globally due to the cardiovascular diseases.

Hospitals segment to account a considerable market share

Based on end-uses, the market is segmented into hospitals, clinics, and ambulatory surgery centres. The hospital segment accounted for more than 40% of the market share in 2020, in terms of revenue. Rising number of hospitals in countries such as the US and Canada is expected to spur the segment growth. According to American Hospital Association, more than 6,210 hospitals were reported in the US in 2020. Conversely, the ambulatory surgery centers (ASCs) segment is anticipated to grow at a robust rate during the forecast period. Angioplasty, PCI, and cardiac catheterization are crucially recommended for the treatment of such diseases, thus increasing the hospital admission rate in the country.

North America to account a large share

In terms of regions, the market is divided into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America dominated the cardiac catheters and guidewires market with a share of above 45% in 2020. Rising incidence of cardiovascular diseases in the region is expected to propel the regional market growth. For instance, as per the report published by the Centres for Disease Control & Prevention (CDC), in 2018, around 370,000 people die due to coronary heart disease every year in the US. It also reported that around 735,000 US-based citizens undergo heart attack every year.

The implementation of favourable reimbursement policies, introduction of technologically advanced products, and presence of several key players in the market are projected to drive the regional market growth.

The market in Asia Pacific is projected to exhibit a high CAGR during the forecast period. Growing prevalence of cardiovascular diseases in emerging economies such as India and China is driving the growth of the market in the region. Moreover, existence of several local players in China and Japan may propel the regional market growth.

Cardiac Catheters and Guidewires Market By Regions

Segments

The global cardiac catheters and guidewires market has been segmented on the basis of

Products

Cardiac Catheters
- Electrophysiology Catheters
- PTCA Balloon Catheters
- IVUS Catheters
- PTA Balloon Catheters
- Others
Cardiac Guidewires

End-uses

Hospitals
Clinics
Pharmacy Store
Ambulatory Surgery Centres (ASCs)

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Competitive Landscape

The major players of the market are Abbott Laboratories, Boston Scientific, Maquet, Medtronic, St.Jude Medical, Sorin GroupTerumo Medical, Biosense Webster, Biotronik, and Cordis.

Companies are focusing on expanding their product portfolio and are engaging in partnerships and acquisitions to expand their market share.

Cardiac Catheters and Guidewires Market Key Takeaways

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cardiac Catheters and Guidewires Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cardiac Catheters and Guidewires Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cardiac Catheters and Guidewires Market - Supply Chain
  4.5. Global Cardiac Catheters and Guidewires Market Forecast
     4.5.1. Cardiac Catheters and Guidewires Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cardiac Catheters and Guidewires Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Cardiac Catheters and Guidewires Market Absolute $ Opportunity
5. Global Cardiac Catheters and Guidewires Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Cardiac Catheters and Guidewires Market Size and Volume Forecast by End Users
     5.3.1. Hospitals
     5.3.2. Clinics
     5.3.3. Pharmacy Store
     5.3.4. Ambulatory Surgery Centres (ASCs)
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Cardiac Catheters and Guidewires Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Cardiac Catheters and Guidewires Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Cardiac Catheters and Guidewires Demand Share Forecast, 2019-2026
7. North America Cardiac Catheters and Guidewires Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Cardiac Catheters and Guidewires Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Cardiac Catheters and Guidewires Market Size and Volume Forecast by End Users
     7.4.1. Hospitals
     7.4.2. Clinics
     7.4.3. Pharmacy Store
     7.4.4. Ambulatory Surgery Centres (ASCs)
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Cardiac Catheters and Guidewires Demand Share Forecast, 2019-2026
8. Latin America Cardiac Catheters and Guidewires Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Cardiac Catheters and Guidewires Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Cardiac Catheters and Guidewires Market Size and Volume Forecast by End Users
     8.4.1. Hospitals
     8.4.2. Clinics
     8.4.3. Pharmacy Store
     8.4.4. Ambulatory Surgery Centres (ASCs)
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Cardiac Catheters and Guidewires Demand Share Forecast, 2019-2026
9. Europe Cardiac Catheters and Guidewires Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Cardiac Catheters and Guidewires Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Cardiac Catheters and Guidewires Market Size and Volume Forecast by End Users
     9.4.1. Hospitals
     9.4.2. Clinics
     9.4.3. Pharmacy Store
     9.4.4. Ambulatory Surgery Centres (ASCs)
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Cardiac Catheters and Guidewires Demand Share Forecast, 2019-2026
10. Asia Pacific Cardiac Catheters and Guidewires Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Cardiac Catheters and Guidewires Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Cardiac Catheters and Guidewires Market Size and Volume Forecast by End Users
     10.4.1. Hospitals
     10.4.2. Clinics
     10.4.3. Pharmacy Store
     10.4.4. Ambulatory Surgery Centres (ASCs)
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Cardiac Catheters and Guidewires Demand Share Forecast, 2019-2026
11. Middle East & Africa Cardiac Catheters and Guidewires Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Cardiac Catheters and Guidewires Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Cardiac Catheters and Guidewires Market Size and Volume Forecast by End Users
     11.4.1. Hospitals
     11.4.2. Clinics
     11.4.3. Pharmacy Store
     11.4.4. Ambulatory Surgery Centres (ASCs)
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Cardiac Catheters and Guidewires Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Cardiac Catheters and Guidewires Market: Market Share Analysis
  12.2. Cardiac Catheters and Guidewires Distributors and Customers
  12.3. Cardiac Catheters and Guidewires Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Abbott Laboratories
     12.4.2. Boston Scientific
     12.4.3. Maquet
     12.4.4. Medtronic
     12.4.5. St. Jude Medical
     12.4.6. Sorin GroupTerumo Medical
     12.4.7. Biosense Webster
     12.4.8. Biotronik
     12.4.9. Cordis